Press Information Bureau: March 13, 2018
New Delhi: Aviation is one of the fastest growing sectors of the Indian economy. This was stated by the Minister of Commerce and Industry while assuming additional charge of the Ministry of Civil Aviation today. Speaking on this occasion the Minister said that the Open Skies Policy is leading to tremendous growth in the aviation sector and the benefits of this growth will be seen in increased employment generation.
Increasingly, Indians from small towns are travelling by air for work and vacations, due to increased air connectivity and cheap airfares. This has led to Indian carriers to have an order book of more than 1,000 aircraft mainly led by the low-cost carriers(LCCs).
Open skies is an international policy concept that calls for the liberalization of the rules and regulations of the international aviation industry, especially commercial aviation, in order to create a free- market environment for the airline industry.
Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.